Low Income Housing Tax Credits (LIHTC)

This statewide program provides a direct federal income tax credit to qualified owners and investors to build, acquire or rehabilitate rental housing units to rent to working low-income Delawareans. It also allows low-income Delawareans who can afford a monthly rent payment, but cannot afford to pay market rate rents.

How To Apply

Make sure you (the borrower) meet all borrower requirements.

Ensure all tenant qualifications are met.

Download and review the provided program documents for further application instructions and forms.

Borrower Qualifications

This program allows both corporate and private investors to receive a fair return on their investment in affordable housing. The program design allows individuals, as well as limited partnerships who own rental housing for low-income families, to utilize the credit.

The equity raised through the tax credit investment make it possible for developers to attract the financing needed to create or restore low-income rental housing.

Tenant Qualifications

Working low-income families whose incomes do not exceed 60% of the median income based on family
size and county location, are eligible to reside in tax credit properties. Rents are capped to remain
affordable to families earning less than 60% of median income.

DSHA Program Contact Person Do you have questions about this program? Would you like to suggest an improvement to this Web page? Please contact Cynthia L. Deakyne, Housing Asset Manager, at 302.739.4263.